Tag Archives: EUR
FX CFTC: Dollar long rising again – look out for the correction
Speculators expressing their views through the holding of IMM currency futures increased their net long exposure to the dollar again during the week ending May 29. The increase however was the smallest recorded during the last four weeks of dollar buying with the selling not concentrated against one single currency alone but spread out particularly […]
EUR Analysis
Opened early Europe at $1.2404, Closed in NY at $1.2435, after rate had spiked from post US NFP initial react lows of $1.2288 to $1.2459. Rate dipped to a registered Asian open of $1.2405 before quickly closing the gap as early market reacted to press reports suggesting Germany was softening its opposition toward European bonds/banking […]
EUR Analysis
Opened early Europe at $1.2348, EUR/USD closed in NY at $1.2365, after a dollar demand end month fixing had taken rate to extended lows of $1.2336. Rate came under pressure into early Asian dealing, the release of weaker than forecast China PMI data taking it to overnight lows of $1.2324.
EUR Analysis
Opened early Europe at $1.2387, EUR/USD closed in NY at $1.23668, after rate was pressed to lows of $1.2361. Rate came under renewed downside pressure in early trade, the posting an extended low of $1.2358 as it took an early lead from the sell off in AUD (Tr.Sec.Martin comment on the Australian deficit), but demand […]
Asia today: No cure for yesterday’s EUR hangover
The hangover from another EUR slide overnight could not be cured in the Asian session, with risk currencies content to hover near yesterday’s lows. As per yesterday, any hint of a rebound/retracement found a number of willing sellers.
EUR Analysis
Opened early Europe at $1.2468, EUR/USD closed in NY Tuesday at $1.2503, after seeing pressured lows in this session to $1.2461 after market reacted to a further downgrading of Spain by Egan Jones. Rate came under renewed pressure into Asia which extended the rate’s corrective pullback from the late NY recovery high of $1.2510 to […]
EUR Analysis
Opened early Europe at $1.2534, EUR/USD closed Monday’s North American session at $1.2542, off pullback lows of $1.2525, after rate had been pressed back from early European highs of $1.2625 as early risk-on tone was reversed on widening Eurozone peripheral bond spreads.
FX CFTC: Flight to dollars (and JPY) intensifies
The weekly collection of data from the CFTC covering the week ending May 22 showed a huge increase in the net dollar long postion as all of the eight IMM currency futures were sold apart from the JPY.
EUR Analysis
Opened early Europe at $1.2592, EUR/USD closed in NY Friday at $1.2516, having seen lows in this session of $1.2495 before bouncing after taking out option barrier interest at $1.2500.
Technical Analysis: Wave Principle Letter (Americas): The big sell-out
Financial history is littered with examples where prominent corporate deals mark significant turning points. And the Information Technology sector seems to have all the technical analysis components necessary for a lasting downturn, in tune with American stock markets in general. The US Dollar is finally starting to lift off from its bottoming cycle, bond yields […]
A firmer tone for the EUR (and risk) at the start of a new week
The EUR has started this week with a mild rush higher as weekend Greek opinion polls suggested that the pro-bailout New Democracy Party in Greece is making positive headway against Syriza and is now a few percentage points ahead.
EUR Analysis
Opened early Europe at $1.2530, EUR/USD closed in NY at $1.2532 following a recovery off late pullback lows of $1.25205. Rate had seen lows of $1.25153 earlier in the day, with a recovery seen to $1.26205. A US bank was an aggressive buyer in early Asia taking the rate to $1.2553.